Aluminium futures move higher on firm spot demand

NEW DELHI: Aluminium prices rose 0.39 per cent to Rs 194.90 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the May delivery gained 75 paise, or 0.39 per cent, to Rs 194.90 per kg in a business turnover of 1,343 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.